Anonymous
Anonymous asked in Politics & GovernmentPolitics · 10 years ago

Another benefit of Obama care?

But not to worry, I'm sure these companies will just take it on the chin...GO OBAMACARE!!!

This is just the beginning, it doesn't even kick in until 2013

Who see this as a good thing?

excerpt...

Starting in 2013, companies that provide prescription-drug benefits for retirees under Medicare can no longer deduct this subsidy from their taxes, due to the federal health-care overhaul signed into law on March 23.

Since companies had created an asset based on these expected deductions, they will now need to take a charge to reflect the fall in the asset's value.

The following companies have announced the amount of their health-care-related charges. Search the subject code N/HCC for the latest news on this topic.

Walgreen Co. (WAG)-- sees charge of $44 million, or 5 cents a share, in 3Q

Medtronic Inc. (MDT)-- $14.8 million, or 1 cent a share, in 4Q

Central Vermont Public Service Corp. (CV) -- $700,000 in 1Q

Edison International (EIX) -- 12 cents a share in 1Q

Vectren Corp. (VVC) - $2.3 million in 1Q

OGE Energy Corp. (OGE) -- $11 million in 1Q

Unum Group (UNM) -- $10.2 million in 1Q

Frontier Communications Corp. (FTR) -- $4.1 million in 1Q

Ameren Corp (AEE) -- $13 million in 1Q

Qwest communications International Inc. (Q) -- 8 cents a share in 1Q

Progress Energy Inc. (PGN) -- 8 cents a share in 1Q

R.R. Donnelley & Sons Co. (RRD) -- $3.3 million in 1Q

SPX Corp.(SPW) --$6.2 million, or 12 cents a share, in 1Q

USEC Inc. (USU)-- $6.5 million in 1Q

Teco Energy Inc. (TE) -- $1.1 million in 1Q

Pfizer Inc. (PFE) -- $270 million in 1Q

Andersons Inc. (ANDE) -- $1.5 million in 1Q

EMC Insurance Group Inc. (EMCI) -- $800,000, or 6 cents a share, in 1Q

Blount Inc. (BLT) -- $1.7 million in 1Q

Alliant Energy Corp. (LNT) -- 6 cents a share in 1Q

Martin Marietta Material Inc.(MLM) -- $2.8 million in 1Q

Otter Tail Corp. (OTTR) -- $1.7 million, or 5 cents a share, in 1Q

Bristol-Myers Squibb Co. (BMY) -- 3 cents a share in 1Q

Weyerhaeuser Co. (WY) -- $31 million, or 15 cents a share, in 1Q

Procter & Gamble Co. (PG) -- 5 cents a share in 3Q

Schlumberger Ltd. (SLB) -- $40 million in 1Q

Eli Lilly & Co. (LLY) -- 35 cents a share in 2010

Armstrong World Industries Inc. (AWI) -- $21.6 million in 1Q

Allete Inc. (ALE) -- $3.6 million in 1Q

ITT Corp. (ITT) -- $10 million in 1Q

Tesoro Corp. (TSO) -- $7 million in 1Q

Dun & Bradstreet Corp. (DNB) -- 26 cents a share in 1Q

Cummins Inc. (CMI) -- $7 million in 1Q

Ashland Inc. (ASH) --$19 million charge, or 23 cents a share, in 2Q

L-3 Communications Holdings Inc. (LLL) -- $5 million, or 4 cents a share, in 1Q

Pactiv Corp. (PTV) -- $3 million, or 2 cents a share, in 1Q

Lee Enterprises Inc. (LEE) -- $2 million in 2Q

Temple-Inland Inc. (TIN) -- $7 million or 7 cents a share, in 1Q

Biogen Idec Inc. (BIIB) -- $13 million in 1Q

W.W. Grainger Inc. (GWW) -- $11 million, or 15 cents a share, in 1Q

Exxon Mobil Corp. (XOM) -- 4 cents a share in 1Q

Brinks Co. (BCO) -- 28 cents a share in 1Q

American Electric Power Co. (AEP) -- $21 million in 1Q

Clearwater Paper Corp. (CLW) -- 37 cents a share in 1Q

Empire District Electric Co. (EDE) -- $2.1 million in 1Q

Allegheny Technologies Inc. (ATI) -- $5.3 million in 1Q

Potlach Corp. (PCH) -- $3 million, or 7 cents a share, in 1Q

Norfolk Southern Corp. (NSC) -- $27 million, or 7 cents a share, in 1Q

Ecolab Inc. (ECL) -- $5 million in 1Q

3M Co. (MMM) -- 11 cents a share in 1Q

Caterpillar Inc. (CAT) --$90 million in 1Q

Humana Inc. (HUM) -- 4 cents a share in 1Q

Merck & Co. (MRK) -- $147 million in 1Q

Schlumberger Ltd. (SLB) -- $40 million in 1Q

Chubb Corp. (CB) -- 7 cents a share in 1Q

Deluxe Corp. (DLX) -- 7 cents a share in 1Q

PepsiCo Inc. (PEP) -- $40 million in 1H

Reynolds American Inc. (RAI)--9 cents a share in 1Q

Altria Inc. Group Inc. (MO) -- 1 cent a share in 1Q

Deluxe Corp. (DLX) -- 7 cents a share in 1Q

Sherwin-Williams Co. (SHW) -- 10 cents a share in 1Q

Baxter International Inc. (BAX) -- 7 cents a share in 1Q

Boeing Co. (BA) -- $150 million in 1Q; cut 2010 view by 20 cents a share

Johnson & Johnson (JNJ) --sees 2010 earnings cut by 10 cents a share

Hormel Foods Corp. (HRL) --5 cents a share in 2Q

Eli Lilly & Co. (LLY) --12 cents a share in 1Q

Gannett Co. (GCI)--$2.2 million in 1Q

MetLife Inc. (MET) -- $75 million in 1Q

PPG Industries (PPG) -- $85 million, or 51 cents a share, in 1Q

United States Steel Corp. (X) -- $27 million in 1Q

CNH Global NV (CNH) -- $20 million in 1Q

AT&T Inc. (T) -- $1 billion in 1Q

Verizon Communications Inc.(VZ) -- $970 million in 1Q

Carpenter Technology Corp.(CRS) -- 13 cents a share in 3Q

Ingersoll-Rand Co. Ltd. (IR) -- $41 million in 1Q

Lockheed Martin Corp. (LMT) -- $96 million or 25 cents a share, in 1Q

Valero Energy Corp. (VLO) -- $15 million to $20 million in 1Q

Deere & Co. (DE) -- $129.5 million, or 30 cents a share, in 2Q

Prudential Financial (P

9 Answers

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  • ?
    Lv 4
    10 years ago
    Favorite Answer

    If you want to fundamentally change this nation you must first crash it. This is the goal of Obama and Health Care Reform was all about that.

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  • schell
    Lv 4
    3 years ago

    a million. This set's into action a application the place each physique's scientific documents will ultimately be the valuables of the U. S. government, not in ordinary terms those interior the VA gadget and Medicare/Medicaid. 2. in case you pay taxes now, you would be paying greater to cover all people who won't be able to have adequate money Obama Care. people who pay no Fed Taxes now (that is almost 50% persons) isn't anticipated to start coughing up something for fees. You and that i will pay greater to pay their fees for them. And no, there at the instant are not adequate rich to try this. 3. With greater human beings seeing the comparable form of docs assume longer waits and much less time with the rfile. 4. As Fed Gov will tell docs what they'll gets a commission for therapy, assume much less time head to head with a doctor (time is money) and assume much less diagnostic exams for an ailment. rather of having 3 exams suitable now to diagnose 3 available motives, you will get one...then watch for the outcomes...then get yet another....then watch for the outcomes...then get yet another....then watch for the outcomes. desire interior the intervening time your ailment does not worsen or turn deadly. right here in my State, many docs, tremendously Obstetricians, won't even see Medicaid sufferers. The Fed Gov does not pay adequate to cover their time. What makes the subject even worse is a scarcity of Obstetricians. (thank you John Edwards). 5. this might properly be a central authority Plan that doesn't reform scientific care. it would desire to not even furnish a central authority (public) decision. So what precisely will it do? that is going to do 2 issues:Spend money and improve government rules. In who's worldwide has that ever became out properly?

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  • 10 years ago

    Lower The Flags: What is it that you people don't get?? If these companies suffer hardship or go under, that means LOST JOBS. Can America really withstand MORE layoffs? I don't know and really don't want to find out.

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  • ?
    Lv 5
    10 years ago

    O keeps sticking knives in the back of the American economy. It never ends.

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  • 10 years ago

    If the hair on the back of your neck stands on end and your teeth hurt -

    symptomatic of "not something in your best interest"

    Source(s): going with a gut reaction
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  • 10 years ago

    The fact is that unless Obamacare is repealed we like need more care to protect us from Obamacare.

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  • 10 years ago

    What good is a prescription if America can't afford to buy the darn thing?

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  • Dale
    Lv 7
    10 years ago

    Oh no another wave of hysteria and paranoia, glad that there will be affordable health care for you guys.

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  • the health of americans is more important than the price of shares of any one company.

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